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Popular Articles

PE investment in telecom to look up in 2010
Private equity investment in the country"s telecom sector is likely to surge next year with the introduction of 3G services and rural penetration by telcos, experts say.

India to get 145 US-built Howitzers
Seeking to deepen its bilateral defence and strategic ties with India, the US plans to sell to the country 145 state-of-the-art 155mm towed Howitzers worth $647 million.

News of the day

The Caraco headache
The seizure of Caraco’s drugs by the FDA could have an adverse impact on Sun Pharmaceutical in the near term.
Public Relations

Motilal Oswal profit rises 74% to Rs 47cr

Motilal Oswal Financial Services reported a 74 per cent year-on-year growth in net profit to Rs 47.2 crore for the quarter ended September 30, 2009. - Sunil Jain: In the black">Sunil Jain: In the black - Parsvnath Q2 net up three fold to Rs 61.43 cr - Banco Products net up 99% at Rs 21-cr - Indusind Bank Q2 net zooms 131% at Rs 77.8 cr - HDFC Bank Q2 net jumps 30% at Rs 687.46 cr - Mid & small-cap firms to see single-digit growth On a quarter-on-quarter basis, net profit grew by 31 per cent. Broking and related revenues were up 31 per cent to Rs 125.3 crore as compared to Rs 95.6 crore in the corresponding quarter last year. Investment Banking fees were down 8 per cent to Rs 15.2 crore as against Rs 16.5 crore in the year-ago quarter. Asset management fees were up 26 per cent to Rs 6.4 crore as compared to Rs 5.1 crore in the same quarter of the previous year.


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